Erdenes Tavan Tolgoi

Erdenes Tavan Tolgoi, which is also occasionally referred to as Erdenes TT, is a subsidiary of Erdenes MGL, a Mongolian government owned company to represent the government's interest in mining projects. Erdenes Tavan Tolgoi was formed in September 2010.

An Australian government trade agency reports that Erdenes TT, "a daughter company of the government owned Erdenes MGL" has been formed to control the Tavan Tolgoi coal project. "Erdenes TT will maintain a 50 per cent stake in the project, 10 per cent of the shares will be issued to every citizen of Mongolia, 10 per cent will be listed on the MSE [Mongolian Stock Exchange] and 30 per cent open to foreign investment."

Contact details
Website: http://www.erdenesmgl.mn/ (English language version does not seem to be working)

Related SourceWatch articles

 * Mongolia and coal